First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — BNP Paribas Exane TIME (Transforming Industrials, Materials & Energy) Conference 2026
15 slides from First Quantum Minerals's conference presentation, Mar 18, 2026
Slide 1: BNP Paribas Exane: TIME Conference
BNP PARIBAS EXANE: TIME (TRANSFORMING INDUSTRIALS, MATERIALS & ENERGY) CONFERENCE March 18, 2026 TSX FM
Slide 2: Copper-Focused Producer
Toronto | CANADA London | UK ÇAYELI | Cu Zn | TÜRKIYE COPPER-FOCUSED Operating Mines PRODUCER Greenfield Projects First Quantum Offices COBRE PANAMÁ | Cu Au | PANAMA GUELB MOGHREIN | Cu Au | MAURITANIA (Preservation & Safe Management) 2025 Revenue LA GRANJA | Cu | PERU by Commodity KANSANSHI | Cu Au
Slide 3: 2026 Priorities
2026 PRIORITIES Continued Safe Ramp-up of Advance and Productive Kansanshi Cobre Panamá Operational S3 Expansion to Resolution Performance Proactive Advance Management of Greenfield Balance Sheet Projects 3
Slide 4: The Right Assets
KANSANSHI SENTINEL COBRE PANAMÁ Solwezi, Zambia Kalumbila, Zambia Colón Province, Panama THE RIGHT ASSETS FQM Zambia Top 10 global copper complex with vertically integrated production ◆ 80% ownership1 (20% ZCCM-IH) ◆ 100% ownership ◆ 91% ownership (9% KOMIR3) ◆ Open pit (Cu, Au) ◆ Open pit (Cu) ◆ Op
Slide 5: Cobre Panamá
November 2023 ♦ Cobre Panamá’s Concession Contract (Law 406) declared unconstitutional by the Supreme Court of Panama; Former President of Panama, Laurentino Cortizo, announces the orderly closure of Cobre Panamá COBRE PANAMÁ ♦ First Quantum provides notice of intent to initiate FTA arbitration to e
Slide 6: Other Operations
OTHER OPERATIONS GUELB MOGHREIN RAVENSTHORPE ÇAYELI LAS CRUCES Akjoujt, Mauritania Esperance Region, Western Australia Rize Province, Türkiye Sevilla Province, Spain ◆ 100% ownership ◆ 75.7% ownership (24.3% POSCO) ◆ 100% ownership ◆ 100% ownership ◆ Open pit (Cu, Au) ◆ Open pit (Ni) ◆ Underground (
Slide 7: Extensive Growth Optionality
TACA TACA LA GRANJA HAQUIRA Salta Province, Argentina Cajamarca, Peru Apurímac, Peru EXTENSIVE GROWTH OPTIONALITY World-class, undeveloped copper resources with the potential to support multidecade operations ◆ 100% ownership ◆ 55% ownership (45% Rio Tinto) ◆ 100% ownership ◆ Cu, Au, Mo ◆ Cu ◆ Cu, A
Slide 8: Taca Taca: World-Class Asset
WORLD-CLASS ASSET After-Tax NPV-8% ($M) After-Tax IRR (%) ♦ Among the 15 largest undeveloped 26.9 copper projects in the world1 11,318 ♦ Strong economics at conservative TACA TACA copper and gold price assumptions 19.3 Salta Province, Argentina De-Risking for sanctioning 5,917 100% First Quantum ♦ E
Slide 9: Track Record of Project Delivery
Benefits of In-House Projects Team Flexibility to adapt the execution of Ability to scrutinize costs a project and deliver projects more efficiently TRACK RECORD OF DELIVERING PROJECTS AT LOW PROJECT DELIVERY CAPITAL INTENSITY Smooth transition from development to Learnings from each project transfe
Slide 10: Balance Sheet
PROACTIVE MANAGEMENT OF DEBT MATURITIES BALANCE SHEET 3,500 Debt Maturity Profile As of December 31, 2023 3,500 Debt Maturity Pro-forma Q1 2026 3,000 250 3,000 2,500 2,500 1050 2,000 $ Million 2,000 $ Million Material improvements since 1,500 1,500 2023 from proactive management 1,050 1,000 1,500 of
Slide 11: Doing Business the Right Way
PRIORITIZING TANGIBLE STEPS TO SOCIAL RESPONSIBILITY REDUCE EMISSIONS DOING BUSINESS Community relationships based on transparency, respect, and trust ~10 kms Electric trolley-assist lines in Zambia THE RIGHT WAY $28 million 28 Schools supported and >140,000 tonnes CO2e saved annually through pit e
Slide 12: The Critical Role of Copper
ENERGY DIGITAL THE CRITICAL ROLE TRANSITION INFRASTRUCTURE OF COPPER >4.6 Mtpa of copper Al power demand needed by 2035 to & grid infrastructure Delivering copper and nickel, meet renewable power will require 1.1 Mt metals essential to socioeconomic and EV demand of copper by 2035 development, elect
Slide 13: Why First Quantum?
WHY FIRST QUANTUM? WORLD-CLASS PROVEN GREENFIELD ASSETS SELF-BUILD TEAM OPTIONALITY Top 10 global copper In-house team with a track Two of the 15 largest producer with a focus on record of building and greenfield projects operational excellence delivering large and globally reside within the complex
Slide 14: Cautionary Statement on Forward-Looking Information
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward-looking information
Slide 15: fqml.com
TSX FM info@fqml.com 416-361-6400 | 1-888-688-6577 fqml.com